Loan for house hack and/or airbnb

[Matt Smith]

I'm ready to move onto my next house hack. I'm in the Tampa Bay region, and would love to find a place directly in Tampa. As many of you know, Tampa is expensive. My W2 income wont qualify me for anything in that area. Is there other loans I can apply for that will be for a larger amount? As I plan to house hack whatever I purchase, my expenses should be covered by the tenants. I'm also interested in the thought of purchasing a home for airbnb. Same question. Thanks for the help.

[Vanessa A Martin]

Hi Matt, 

House hacking is very popular with beginners. You said you are ready to move on with another one, so are you keeping the current as a rental property? If you are, you can refinance it into a DSCR. Also is you purchase say a duplex and plan to live in one unit you can use the income from the second unit as long as there is a tenant with a 12 month history. You have some options definitely since you have experience. Feel free to reach out to me if you have more questions, we can talk about those options.

Good luck